Bitcoin analyst predicts BTC price will surpass $70K in a few more weeks.

Bitcoin (BTC) remained near important price levels as the week came to a close on May 26, with focus on trading at around $69,000. BTC/USD showed strong performance, briefly surpassing $69,500 before consolidating. However, weekend upside movement was limited by familiar resistance zones. Liquidity was building up on both sides around the $69,000 range, as shown by Daan Crypto Trades’ analysis. The BTC/USDT liquidation heatmap on Binance indicated liquidity concentrations for perpetual swaps. Although there was increased liquidity around the spot price, it also raised the possibility of a liquidity raid in the future. Keith Alan, co-founder of trading resource Material Indicators, emphasized the significance of flipping $69,000 to support. He stated that $69,000 is the strongest and most important resistance level on the chart. Alan noted that US markets would be closed on May 27 for the Memorial Day holiday. Popular trader Rekt Capital drew attention to the resistance above $71,000. He explained that Bitcoin had exited the “danger zone” after the April block subsidy halving, but $71,500 is where the Range High resistance of the Macro Re-Accumulation Range is located, leading to a rejection. The May monthly close could still end in the red, following the trend of the previous three years, according to data from CoinGlass. This article is not intended as investment advice, and readers should conduct their own research before making any decisions.